nickles

7 ms·

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Elon Musk misled Twitter investors ahead of $44B acquisition, jury says(cnbc.com)
40 points by nickles 6mo ago|0 comments
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by nickles 3y ago
I would typically use “crosswalk” in preference to “pedestrian crossing”. The two terms are slightly different, but functionally equivalent. Is there something similar in German?
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by nickles 4y ago
> And this is a part of why it should be administered by governments and not just let loose to market forces... There's no real financial incentive to build 100,000 houses in the middle of nowhere That's exactly what the Chines
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by nickles 4y ago
> people who want to be housed are having to stretch their funds as far as they possibly can to keep up with the market currently being made by investors and landlords. I'm sympathetic to the difficulties people are facing right now
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by nickles 4y ago
> It's obvious that in the absence of state funding there would be non-state funding. It won't be the same and it won't be zero. From an economic perspective, it's likely the level of funding would be less than the op
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by nickles 4y ago
> If we're going to dismiss every quality and strategy of a country because of its moral crimes My primary intention wasn't to refer directly to the morality of the USSR. Economically speaking, the USSR was a disaster, so I&#x2
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by nickles 4y ago
> More importantly, try arguing that it is morally correct that a hard-working laborer ought to fund a Webb telescope by non-optional taxes, when he sees no direct value in it. Why even 1 penny? Because his betters in a grant agency know
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by nickles 4y ago
> The reality is more like 600k for less than 2,000 square feet. "In June 2022, Detroit home prices were up 32.3% compared to last year, selling for a median price of $99K. On average, homes in Detroit sell after 27 days on the mark
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by nickles 4y ago
> No amount of building will help if the value of the property is not intrinsically linked to the supply and demand Building new houses is intrinsically linked to supply. When you build a house, that increases the supply of housing. NI
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by nickles 4y ago
> Question though... why, exactly does that have to be the case? Especially with something like housing where say there is mostly a fixed supply at any point and you can't just turn a machine on/off to produce more. Supply&#x2F
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by nickles 4y ago
> Here in the UK our housing is in major crisis because people simply cannot afford the insane price increases. Pretty much everyone I know shares their living situation, on their own they would not be able to afford basic amenities. The
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by nickles 4y ago
> I didn't say that government runs the bussiness. The public hoosuing buildings have space at ground level that is rented for businesses. I misunderstood what you meant as to who would choose which services to provide. Completely a
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by nickles 4y ago
> IDK if it's a very socialist solution, provided that it aims to increase disposable income and savings Socialism is a left-wing political, social, and economic philosophy encompassing a range of economic and social systems charac
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by nickles 4y ago
> Free market advocates always find the next culprit why the market can't deliver. I advocate for the free market because it's been the most reliable way of elevating humans from subsistence levels of consumption and improving
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by nickles 4y ago
> The bubble mostly affects new home buyers, which are the ones who need the least protection. So now you (or more generally the government) get to decide who is more deserving of appropriately priced housing? Why do new home buyers need
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by nickles 4y ago
> I've read somewhere that in the USSR paying more than 4% of your income to housing was considered criminal Fortunately that was the only criminal activity in the shining beacon of freedom and prosperity that was the USSR.
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by nickles 4y ago
> Supply is always less than demand in dense cities/countries, leaving it for the 'invisible hand' only ensures that the whole market is unaffordable and/or gentrified Is that the case in Detroit? I’d wager there’s su
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by nickles 4y ago
> The "let the free market take care of it; government intervention can only make it unaffordable" view is standing on extremely shaky legs today. The term “NIMBY” is commonly used to describe people who prevent new constructio
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by nickles 4y ago
> Of course this does not work if building new housing is illegal, in which case you might as well have the rent control. Or make it possible to build new housing. Rent control is a subsidy to existing residents to the detriment of peopl
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by nickles 4y ago
> I don't want price control directly onto the private sector but the adminsitration controlling a big chunk of the offer. If the government sets prices for 40% of the market, it’s price control by definition.
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by nickles 4y ago
> Ahh yes, walking around in NY seeing building projects to increase the supply of housing in the 4th dimension where land is plentiful and the rivers are clean /s Have you tried obtaining building permits in NYC? My understanding i
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by nickles 4y ago
> should be heavy state intervention on it, preferably by doing the same as Vienna, which is holding >40% of the renting stock and charging according to income This is great policy if you want to make housing unaffordable. When supply
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by nickles 4y ago
> But luckily, a lot of suits on Wall Street are making tons of money, so everything will be fine, right? Look at risk assets, and consider whether that supports your assertion.
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by nickles 4y ago
Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. -- Milton Friedman > I doubt this is monetary inflation. It&#x2
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by nickles 4y ago
> However, much of this proposed capacity will not ultimately be built. Among a subset of queues for which data are available, only 23% of the projects seeking connection from 2000 to 2016 have subsequently been built. Completion percent
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by nickles 4y ago
> You can say "x = 1 if expr else 2", but you cannot say "x = 1 if expr". You do a two line This one liner works: if expr: x = 1 > Or how about mutable default values in function paramters? That makes a lo
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by nickles 4y ago
Credit card numbers aren’t entirely random [0] https://medium.com/@ma.juber/mathematics-behind-credit-debit...
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by nickles 4y ago
> No one. No one is seriously looking at the Russell 3000 and comparing it to the Wilshire 5000. People compare indices all the time to assess relative performance (e.g. Russell to NASDAQ) or HY credit to IG. Response to edits: > I&
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by nickles 4y ago
> It's a concept that fits nicely in the category of technical analysis, but not one that allows you to find any particular market insights. It's useful for hedging risk > The only broadly meaningful concept you can get out
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by nickles 4y ago
> If you took one company and compared it against the total US market, then you have something at least. This is a common metric referred to as market beta . > If you take the market itself and compare it against itself, it makes no

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